NY > Hempstead
Hempstead, NY 11550,64 Stewart AVE
Hempstead, NY 11550,64 Stewart AVE
Hempstead, NY 11550,64 Stewart AVE
Hempstead, NY 11550,64 Stewart AVE
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Kevin Kalyan

Kevin Kalyan

+1(516) 593-2800
$ 625,000
Est. payment | /mo

4 Beds

2 Baths

2,500 Sqft Lot

Save
$ 625,000
Est. payment | /mo
Save

4 Beds

2 Baths

2,500 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY812797

Bedrooms 4

Full Baths 2

Originating Board onekey2

Rental Info No

Year Built 1912

Annual Tax Amount $14,453

Lot Size 2,500 Sqft

Acres 0.0574

Property Sub-Type Duplex

Property Description

AMAZING INVESTMENT OPPORTUNITY THAT YOU WILL NOT WANT TO MISS! This 2 family comes fully occupied with Section 8 tenants, with a gross monthly income of $5,400! Both tenants have newly renewed leases as of December, 2024 under the NYS HCR EHV Program. The annual gross income is $64,800, with a NOI of $44,400 after expenses (utilities, taxes, insurance), which is a 7.1% cap rate! There is only one gas meter, both tenants pay their own electric bills, and landlord pays on average $300 monthly for the gas bill. Driveway is newly paved, roof is only a few years old, boiler has been recently serviced, and there will be new floors put on the first floor. This is an opportunity for an investor obtain an incredible asset that produces sufficient cash flow. PLEASE CALL OR TEXT NOW, DO NOT MISS OUT!!!

Location

State NY

County Nassau County

Rooms

Basement Unfinished

Interior

Interior Features First Floor Bedroom

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Driveway

Utilities Available Electricity Available, Natural Gas Available

Garage false

Building

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

School District Hempstead

Others

Senior Community No

Special Listing Condition None

Listed by Bushman Hill Real Estate
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(516) 593-2800

info@goldstarpremier.com

70 Charles Lindbergh Blvd #201, Uniondale, New York, 11553, USA

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64 Stewart AVE